USDJPY Remains Firm, Consolidation To Precede Attack At Daily Cloud Top

Discussion in 'Technical Analysis' started by Kaitlin, Oct 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair maintains strong bullish tone after yesterday’s strong rally that marked the biggest daily gains since end of August. Tuesday’s strong bearish acceleration that extended previous five days rally and broke above strong barriers between 101.85 and 102.17 (bear-trendline off 30 May peak daily cloud base/daily Kijun-sen line),[​IMG]

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